|
Registered number:
FOR THE YEAR ENDED 31 DECEMBER 2025
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
COMPANY INFORMATION
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
CONTENTS
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
STRATEGIC REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their strategic report for the year ended 31 December 2025.
Dassault Aviation Business Services UK (or DABS UK or the Company) is a wholly owned subsidiary of Dassault Aviation Business Services, SA, based in Switzerland, 100% owned by Dassault Aviation SA since 2019. The company is a multibrand aircraft MRO provider active for over 20 years, with stations in Farnborough and Luton airports. It is part of Dassault Aviation MRO network.
DABS UK focus on aircraft line maintenance activities serving its customers during their trips to the UK. Base maintenance activities can also be provided at other stations of the group, Backed up by a leading plane maker, DABS UK remains well positioned to further develop by expanding its capabilities and customer base in a consolidating sector, through investment in training, equipment and resources, as well as through developing strategic partnerships. The Company's Profit and loss account is shown on page 10; for the year 2025 DABS UK generated sales of £5,602,523, a 21.4%% increase against sales of £4,613,977 in 2024, driven by the focus on Line Maintenance activities and related services. Net profit for the year was £638,073, compared to a net profit of £791,784 in 2024. Total Productive manhours hours increased by 10.2% year over year (and a gross profit of £1,486,162 was achieved (vs £1,466,367 in 2024). In 2025, the Company invested £121,237 in tangible fixed assets (2024: £89,858) and £70,271 in staff training (2024: £71,021), with the same number of employees.
The biggest threat to the Company is competition. This can manifest itself in many ways, the most significant ones being the rate per hour charged for labour services and the availability of resources and facilities (qualified technicians and maintenance hangar space). To mitigate risk the Company concentrates on the quality of the product and services by ensuring the highest standards in the skill set of its staff and long lasting relationship with its customers. In addition, the integration with Dassault Aviation has brought additional activity to the company. Related to hangars, the company can be impacted from the airport revision in hangar rates, which also depends on its own strategic developments.
Credit risk within the business is partially mitigated by the fact that many debtors are long term recurring customers, some of which owning aircraft based on sites. While external risks can also impact the business, based on the information available as of the reporting date, the activity is expected to be busy through 2026.
Page 1
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
STRATEGIC REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company's strategy is to be a European premier jet maintenance facility delivering a quality product to our customers with safety being our top priority. The Company focuses on Line Maintenance activities in the United Kingdom and can fulfil international missions when called upon by its diverse customer base.
The goal for 2026 is to continue the execution on the company strategy while adjusting and optimizing its operations to serve its customers. The integration of DABS UK within DABS Line maintenance organization and within Dassault Aviation MRO network facilitates organic growth on Dassault products, as well as synergies within the group. With Farnborough airport expected continued development and macro-economic context, we anticipate that DABS UK will continue to play an important role in the DABS network of maintenance stations
The Company monitors its performance through several indicators. Performance during 2024 and 2023 are shown below:
- Change in productive man hours was +10% in 2025 (vs -86% in 2024 due to the change of scope vs 2023). Production hours were 10,372 in 2025 vs 9,509 in 2024, reflecting the growth under the new business model. - Change in revenue was +25% in 2025 (vs -66% in 2024). Growth returned in 2025 as expected following the change of scope at the end of 2023 that impacted the 2024 comparables. Growth is expected to continue in 2026, but will depend on the mix of parts. - Gross margins decreased to 27% in 2025 (vs 30% in 2024). Gross margin variations were due to the sales mix in 2025, as larger sales of parts with lower gross margins had a net impact of decreasing the business gross margin.
The disposal of used aircraft engine oil and engine ground running noise pollution are the Company's main environmental issues. Regarding the disposal of used engine oil, fuels and other liquids the Company has in place a contract with a third party for the legal disposal of hazardous wastes. In relation to engine ground running noise pollution, the Company keeps ground running times to the legal minimum as required by aircraft maintenance manual checks.
This report was approved by the board and signed on its behalf.
Page 2
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
DIRECTORS' REPORT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors present their report and the financial statements for the year ended 31 December 2025.
Certain information required to be disclosed in the director's report is considered of strategic importance to the company, and therefore disclosure is given in the strategic report. The specific items disclosed in the strategic report are:
- Business review and environment - Principal risks and uncertainties - Business strategy and future developments - Key Performance Indicators
The profit for the year, after taxation, amounted to £638,073 (2024 - £791,781).
The Directors do not propose the payment of a dividend (2024:£nil).
The directors who served during the year were:
Given the significant change in size of the company at the end of 2023, DABS UK is still adjusting to its new scope and strategy to best serve its customers. 2024 and 2025 showed encouraging metrics when human and facilities/equipment resources are available, and management expects this trend to continue in 2026.
With Farnborough airport expected continued development and macro-economic context, we anticipate that DABS UK will continue to play an important role in the DABS network of maintenance stations.
As in previous years the immediate parent company, Dassault Aviation Business Services SA, has agreed to provide financial support, as required, to enable the Company to meet its financial obligations as and when they fall due for a period of at least twelve months from the date of the approval of these financial statements.
Having given due consideration to the above factors and the anticipated future performance of the Company, taking into account the reasonably possible changes in trading performance in the light of uncertainty related to current economic conditions, the Directors have been able to form a reasonable expectation that the Company has adequate resources to continue in operational existence for the foreseeable future. For this reason, they adopt the going concern basis in preparing the accounts. Further details can be found in note 2 to the financial statements.
Page 3
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
The Company through its operations is exposed to financial credit risk, liquidity risk and exchange risk. The Company has in place a number of protocols to monitor and to mitigate where possible any effects from these risks.
Due to the size of the Company, the Directors have not delegated responsibility for monitoring and managing the financial risk to a sub committee of the Board. The policies set by the Board are managed by the finance department.
Credit risk
The Company's principal financial assets are bank balances and cash, trade and other receivables.
The Company's credit risk is primarily attributable to its trade receivables. The amounts presented in the balance sheet are net of allowances for doubtful receivables. An allowance for impairment is made where there is an identified loss event which could result in a reduction in the recoverability of the cash flows. The Company performs reference checking with its customers however, due to the diverse nature of the Company's clients, this is not always possible. The credit exposure is spread over a number of counterparties and customers, which vary at any given time, depending on the nature and duration of open projects.
Liquidity risk
The liquidity risk for the Company has decreased due to integration with Dassault Aviation and the available cash balance.
Exchange risk
The Company generally operates on a cost plus basis and is largely protected from significant currency movements. It incurs certain costs in United States Dollars and Euros and records any exchange gains or losses as incurred.
This confirmation is given and should be interpreted in accordance with the provisions of s418 of the Companies Act 2006.
Shaw Gibbs were appointed as auditors in October 2025, and have expressed their willingness to continue in office and a resolution to reappoint them will be included at the forthcoming Annual General Meeting.
Page 4
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
DIRECTORS' REPORT (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2025
This report was approved by the board and signed on its behalf.
Page 5
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
DIRECTORS' RESPONSIBILITIES STATEMENT
FOR THE YEAR ENDED 31 DECEMBER 2025
The directors are responsible for preparing the Strategic Report, the Directors' Report and the financial statements in accordance with applicable law and regulations.
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland'. Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the Company and of the profit or loss of the Company for that period.
In preparing these financial statements, the directors are required to:
∙select suitable accounting policies for the Company's financial statements and then apply them consistently;
∙make judgments and accounting estimates that are reasonable and prudent;
∙prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Company will continue in business.
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the Company's transactions and disclose with reasonable accuracy at any time the financial position of the Company and to enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the Company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 6
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DASSAULT AVIATION BUSINESS SERVICES UK, LTD
We have audited the financial statements of Dassault Aviation Business Services UK, LTD (the 'Company') for the year ended 31 December 2025, which comprise the Statement of Comprehensive Income, the Statement of Financial Position, the Statement of Changes in Equity and the related notes, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the Company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the United Kingdom, including the Financial Reporting Council's Ethical Standard and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the Company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.
Page 7
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DASSAULT AVIATION BUSINESS SERVICES UK, LTD (CONTINUED)
The other information comprises the information included in the Annual Report other than the financial statements and our Auditors' Report thereon. The directors are responsible for the other information contained within the Annual Report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the course of the audit, or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
In our opinion, based on the work undertaken in the course of the audit:
∙the information given in the Strategic Report and the Directors' Report for the financial year for which the financial statements are prepared is consistent with the financial statements; and
∙the Strategic Report and the Directors' Report have been prepared in accordance with applicable legal requirements.
In the light of the knowledge and understanding of the Company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Directors' Report.
Page 8
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DASSAULT AVIATION BUSINESS SERVICES UK, LTD (CONTINUED)
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an Auditors' Report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
We gained an understanding of the legal and regulatory framework applicable to the Company and the industry in which it operates, and considered the risk of acts by the Company that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. We focused on laws and regulations which could give rise to a material misstatement in the financial statements, including, but not limited to, the Companies Act 2006 and UK tax legislation. Our tests included agreeing the financial statement disclosures to underlying supporting documentation and enquiries with management for any instances of non-compliance. There are inherent limitations in the audit procedures described above and, the further removed non-compliance with laws and regulations is from the events and transactions reflected in the financial statements, the less likely we would become aware of it. As in all our audits, we also addressed the risk of management override of internal controls, including testing journals and evaluating whether there was evidence of bias by the directors that represented a risk of material misstatement due to fraud. While we considered this throughout our audit work we specifically considered this when completing testing for the provisions as this is a judgemental area.
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our Auditors' Report.
Page 9
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
INDEPENDENT AUDITORS' REPORT TO THE MEMBERS OF DASSAULT AVIATION BUSINESS SERVICES UK, LTD (CONTINUED)
This report is made solely to the Company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the Company's members those matters we are required to state to them in an Auditors' Report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and the Company's members, as a body, for our audit work, for this report, or for the opinions we have formed.
for and on behalf of
Wey Court West
Union Road
Surrey
GU9 7PT
Page 10
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
STATEMENT OF COMPREHENSIVE INCOME
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 11
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
REGISTERED NUMBER: 02671224
STATEMENT OF FINANCIAL POSITION
AS AT 31 DECEMBER 2025
The financial statements were approved and authorised for issue by the board and were signed on its behalf by:
The notes on pages 14 to 25 form part of these financial statements.
Page 12
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 13
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Dassault Aviation Business Services UK, Ltd (02671224) is a private company limited by shares and incorporated in England & Wales. Its registered office is Wey Court West, Union Road, Farnham, Surrey, GU9 7PT.
2.Accounting policies
The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgment in applying the Company's accounting policies (see note 3).
The following principal accounting policies have been applied:
The company, being a subsidiary of Dassault Aviation SA, whose consolidated financial statements are publicly available. has taken advantage of the following disclosure exemptions:
(a) the requirement of Section 7 Statement of Cash Flows; (b) the requirements of Section 11 Financial Instruments; (c) the requirements of Section 12 Other Financial Instruments; (d) the requirements of Section 26 Share based Payments; and (e) the requirement of Section 33 Related Party Disclosures.
The immediate parent company, Dassault Aviation Business Services SA, has agreed to provide financial support, as required, to enable the company to meet its financial obligations as and when they fall due for a period of at least twelve months from the date of approval of these financial statements.
Page 14
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Functional and presentation currency
Transactions and balances
Page 15
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Page 16
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Page 17
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
During the year ended 31 December 2025, the Company re-evaluated the estimate useful life of its Tangible Fixed Assets. Previously the assets were depreciated using the reducing balance method. Effective 1 January 2025, the assets are depreciated using the straight line method.
As a result of this change, depreciation expense for the current year is £43,306 higher than it would have under the previous estimate. It is estimated that this charge will increase depreciation expense by approximately £91,613 in the next period.
Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.
Depreciation is provided on the following basis:
The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.
Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.
Page 18
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
Financial instruments are recognised in the Company's Statement of Financial Position when the Company becomes party to the contractual provisions of the instrument.
Basic financial assets
Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.
Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.
Financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.
Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.
Page 19
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
2.Accounting policies (continued)
Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.
Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.
The estimates and underlying assumptions are reviewed on an on going basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The key sources of estimation uncertainty that have a significant effect on the amounts recognised in the financial statements are described below: Stock provision: The directors are aware of the life of stock items and expected timing for use of stock and have estimated a provision to ensure stock is stated at the lower of cost and realisable value. Warranty provision: The directors have estimated a warranty provision based on expected warranty costs from historical knowledge. Other cost provisions: Based on specific circumstances, best estimate of value and expected outcomes, the directors have included other provision for expected future costs.
The whole of the turnover is attributable to servicing of Aircraft maintenance and arose in the UK.
Page 20
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 21
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 22
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
10.Taxation (continued)
There are no factors affecting future tax charges.
Page 23
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
Page 24
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
DASSAULT AVIATION BUSINESS SERVICES UK, LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2025
15.Deferred taxation (continued)
The Company operates a defined contributions pension scheme. The assets of the scheme are held separately from those of the Company in an independently administered fund. The pension cost charge represents contributions payable by the Company to the fund and amounted to £50,516 (2024 - £39,083). Contributions totalling £nil (2024 - £nil) were payable to the fund at the reporting date and are included in creditors.
The immediate parent company is
Page 25
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
|
|||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||